Question

Mohit bought 20 dozen eggs at 25 rupees a dozen. his overhead expenses were 175 rupees he sold eggs at 3.20 rupees each what was his profit or loss percent​

Answer 1

20 dozen = 20 × 12 eggs = 240 eggs

Cost = ₹(12 × 25) = ₹ 300

Overhead expenses = ₹ 175

Total cost = ₹ 300 + 175 = ₹ 475

Selling price per egg = ₹ 3.20

Selling price of all eggs = ₹ (3.20 × 240) = ₹ 768

Since selling price is greater than cost price, there is profit.

Profit = ₹ (768 - 475) = ₹ 293

Profit % = {(293/475) × 100} % = 61.68 %

Hence, the profit % is 61.68 %.